I don't think it really fits into his realm of political analysis and comedy. How does bitcoin relate to US politics? It doesn't... yet  Perhaps at a later date, but not now imho. we should be donating Bitcoin to those political campaigns we support, instead of USD. no politics here: it's a simple thought which will result in more wide-spread use of Bitcoin, and may help with the inevitable legal issues in the future. just send 10 BTC to whoever you want to support. trust me - there's nobody more likely than a political campaign to figure out how to use Bitcoin. and nobody more likely to see the advantages of Bitcoin as a tool to finance election efforts. those politicians... they like their money. Political campaigns are under such close observation by the IRS that I can't imagine any mainstream campaign that would accept Bitcoins. Too many unanswered questions that could lead to campaign-finance controversy. For starters, you can't make anonymous donations to campaigns, you can't accept donations from foreign nationals, and you have to be sure nobody goes over the donation limits. Accepting Bitcoin makes it very difficult for a campaign to ensure it is following any of these three laws. [emphasis mine] i'm gonna go out on a limb here, and posit that over half the members of this forum own formal and legitimate corporations. after that, i only have one other thing to say: Citizens United. |
|
|
|
I suspect Satoshi and others did not expect mining to be conducted on GPUs...
[snip]
Am I missing anything?
perhaps. as i recall, Moore's Law was cited many times during the development process for Bitcoin. i think that a vigorous expansion of network hashing power was clearly anticipated. |
|
|
|
A bit unclear on my part, I looked through the first page of results couldn't find anything to back up the latter half of your statement. It seems that the first page returned by Google is a different one now. Here's what I was trying to point you to: https://www.cms.gov/HealthCareFinancingReview/downloads/04-05winterpg105.pdf"Findings indicate that pregnant women with deliveries paid by Medicaid are more than twice as likely to smoke as privately insured women..."Satisfied? which does absolutely nothing to support your initial contention: ...and because of that, a lot of women are intentionally smoking during pregnancy to cash in on the system even more so. it only makes the case (that is, makes it further: it is a fact long known) that poor people smoke more, and smoking is a difficult addiction (by many accounts, the most difficult) to break. you get all your news and opinions from fox, don't you? |
|
|
|
Still, not too soon to examine plans for switching bitcoin from ECDSA to something post-quantum.
Remember, when "true" quantum computers become a reality, far more than bitcoin is defeated. HTTPS (which uses RSA) is defeated. So basically all internet traffic (passwords, credit card numbers, etc) will be readable by anyone on the same wifi, by an employee at your ISP, or someone at your ISP's ISP, etc.
If I can break ECDSA with a quantum computer I can steal all the money on bitcoin and make all the bitcoins disappear from day to night. However if i can break RSA, banks and people only have to stop relying on SSL meanwhile they implement a new algorithm. ( Probably they would have to stop using credit cards for a while but they won't loose all their money at all ) So, the first problem is that a quantum computer able to break crypto is a death threat to Bitcoin, meanwhile for a bank that relies on RSA is only a major threat. The second problem is that the first company who will own a quantum computer able to break crypto will be sure the "US Government". And in the future, when Bitcoin will be much popular than now, I am sure that the US Goverment will have strong incentives to make bitcoin disappear because the bitcoin thing is a major threat to the debt-based economic system of the dollar. So far.. how much you think will take to the US Gov own such quantum computer and break the ECDSA system of bitcoin? 5 years perhaps? who cares? (although i'd be more likely to bet on 10+ years...) in five years Bitcoin will either be worth too much to destroy - and all governments will be in the process of changing their tax-base from income-based to consumption-based... ...or Bitcoin will be worth nothing. |
|
|
|
Chargebacks are a function of a payment system on top of a currency.
Bitcoins are a currency, with one payment system built in, similar to cash.
And don't send coins until you have the item you've paid for, that's pretty basic.
so you've never bought anything online? |
|
|
|
I don't think it really fits into his realm of political analysis and comedy. How does bitcoin relate to US politics? It doesn't... yet Perhaps at a later date, but not now imho. we should be donating Bitcoin to those political campaigns we support, instead of USD. no politics here: it's a simple thought which will result in more wide-spread use of Bitcoin, and may help with the inevitable legal issues in the future. just send 10 BTC to whoever you want to support. trust me - there's nobody more likely than a political campaign to figure out how to use Bitcoin. and nobody more likely to see the advantages of Bitcoin as a tool to finance election efforts. those politicians... they like their money. |
|
|
|
|
it would be an interesting project, to try and implement the equivalent of a network 'keepalive' into the blockchain.
or 'ping'?
|
|
|
|
Btw, has anyone stopped to consider that those early adopters might need a substantial amount of wealth to be successful in lobbying the politicians to prevent bitcoin from being banned and chased into the shadows for years to come?
yes. that was gates' mistake, wasn't it? |
|
|
|
D-Wave is smoke and mirrors. It is more like 128 1-bit analog computers, as the qubits are not entangled. Without entanglement, there is no quantum speedup over classical computation. Even the 8-bit system they published in Nature is not entangled. The highest number of qubits which have demonstrated entanglement is 3. Still, not too soon to examine plans for switching bitcoin from ECDSA to something post-quantum. Remember, when "true" quantum computers become a reality, far more than bitcoin is defeated. HTTPS (which uses RSA) is defeated. So basically all internet traffic (passwords, credit card numbers, etc) will be readable by anyone on the same wifi, by an employee at your ISP, or someone at your ISP's ISP, etc. +1 yes - D-Wave is pretty much vapor-ware. big business ego-boo: "we have the first quantum computer! (quoth Lockheed)" and even if delivered, it's only a threat on the order that a cell-phone is. |
|
|
|
|
the only problem with solo mining is the short time between difficulty increases.
right now, i wouldn't solo with 9.9 Gh/s that cost me more than 2,500 USD. that's how much USD i could reasonably expect to generate during this difficulty level.
in fact, that's my 'rule of thumb':
if i can't solo-generate enough Bitcoin to pay for my hardware during the difficulty level it goes online, i will only mine in a pool.
i was solo mining up until the 127k difficulty level, half-and-half after that one. now, i'm purely in pools.
you have to be sure you can get your money out while the getting is at its best.
|
|
|
|
Jaime I really doubt that I would stay safe where I live...
In my neighborhood people being killed is so common we do not even care anymore. Here, the lastest news told by the daily women gossip over walls is:
"Hey, do you know the lastest person that died?"
And even where I work, inside a fortified city with guards and cameras everywhere, two coworkers still got kidnapped and taken to a slum, where his kidnappers almost entered in a firefight with the drug lords (the coworkers, that survived the incident, told us that the drug lords got pissed with people making robberies on their turf, and threatened to shoot down the kidnappers and their victims)
Anyway, I returned to the topic, because I`ve heard of Singapore, seemly very low taxes, easy entry, declared as the freest economy of the world... the only thing that bother people is their fake republic government (in the last elections for example, the candidates of the opposition parties got declared "invalid" and the ruling party won again, by default, and that same party is winning since the 50s...)
So, what you people think of Singapore?
it sounds like yes - it's probably a good place to leave. i hate violent places. what do i think of singapore? in a way, i hate places like that even worse. i've been there, and i've never been able to erase the impression that it's like living in a large ant-colony. it's basically a pure oligarchy. people are whipped ('caned') for littering, and a hundred other infractions. if your car breaks down on certain highways, a helicopter comes and lifts it away, then drops it destructively away from traffic: you are charged heavily for the favor. and of course, one is very heavily surveilled. that twisted wreck of a car was required (as are all vehicles) to have a tracking chip in it - and if it isn't picked up and taken to a junk yard within a very few hours, you will be charged further. singapore is a very... efficient... place. or - from a different point of view - disneyland for the rich, with about zero social mobility. if you have the money and don't mind living behind walls, without intercourse with that part of humanity which may be even slightly different, or less wealthy that you are, then perhaps it is for you. i could never live like that. |
|
|
|
The American Civil War was fought primarily for two reasons, neither of them being the abolishment of slavery. bunk. Declaration of Causes of Seceding States [ http://sunsite.utk.edu/civil-war/reasons.html ] ...Georgia: The people of Georgia having dissolved their political connection with the Government of the United States of America, present to their confederates and the world the causes which have led to the separation. For the last ten years we have had numerous and serious causes of complaint against our non-slave-holding confederate States with reference to the subject of African slavery. ...Mississippi: Our position is thoroughly identified with the institution of slavery-- the greatest material interest of the world. Its labor supplies the product which constitutes by far the largest and most important portions of commerce of the earth. ...South Carolina: We affirm that these ends for which this Government was instituted have been defeated, and the Government itself has been made destructive of them by the action of the non-slaveholding States. Those States have assume the right of deciding upon the propriety of our domestic institutions; and have denied the rights of property established in fifteen of the States and recognized by the Constitution; they have denounced as sinful the institution of slavery; they have permitted open establishment among them of societies, whose avowed object is to disturb the peace and to eloign the property of the citizens of other States. They have encouraged and assisted thousands of our slaves to leave their homes; and those who remain, have been incited by emissaries, books and pictures to servile insurrection. ...Texas: Texas abandoned her separate national existence and consented to become one of the Confederated Union to promote her welfare, insure domestic tranquility and secure more substantially the blessings of peace and liberty to her people. She was received into the confederacy with her own constitution, under the guarantee of the federal constitution and the compact of annexation, that she should enjoy these blessings. She was received as a commonwealth holding, maintaining and protecting the institution known as negro slavery-- the servitude of the African to the white race within her limits-- a relation that had existed from the first settlement of her wilderness by the white race, and which her people intended should exist in all future time. Her institutions and geographical position established the strongest ties between her and other slave-holding States of the confederacy. Those ties have been strengthened by association. ********** slavery was, in fact and indisputably, the proximate cause of the Civil War. it is cited as such in all documents of importance authored by the southern states. including the confederate states constitution (a sort of 'forking of the block chain', as it were). revisionism. |
|
|
|
A trading platform that also runs on Linux would be nice…  indeed. there's a lot of us linux users here... |
|
|
|
say slush? on the stats page, note that: 4979 2011-05-31 14:14:18 0:15:07 124173 0.xxxxxxxxx 127803 64 confirmations left
4978 2011-05-31 13:59:11 0:01:43 13200 0.xxxxxxxxx 127803 64 confirmations left one of those should actually be 12780 4... |
|
|
|
|
i've lived on four continents, and learned a very valuable thing about doing so.
it doesn't matter where you are - you make your own life.
from a security standpoint, the best place to live is the place where you have the best and most instinctive grasp of "the rules". (i.e.; the confluence of those legal, social and ethical constraints which make up any large entity like a country)
as a matter of pure practicality, this almost always means the country of your birth. you will do better and stay safer.
of course there are exceptions. north korea comes to mind.
but for the most part...
|
|
|
|
It is complicated. In purely technical terms, and I apologize if this is too detailed for people without a solid understanding of computers and networking, they should feel free to skip it: "It got fucked up".
Should be back soonish.
heh. as a twenty-year network designer and admin, i applaud your advanced technical communication skills. |
|
|
|
My wife said " but where does the money come from?"
the BitStork. |
|
|
|
"it's like PayPal without the fees."
easy. (forget who first said that - sorry. it wasn't me.)
just get them pumped about commerce in Bitcoin. explain the security and how fast it is. and how unstoppable and essentially unregulatable.
and how appreciation of the exchange rate is beneficial in commerce.
skip the tech, and the mining. if they want to know, they can find out.
You need to say that it isn't dollars or they are going to think they have to chance of losing value. PayPal means to people that they get their dollars back (eventually, lol). true. but that's where this comes into play: and how appreciation of the exchange rate is beneficial in commerce. |
|
|
|
|
"it's like PayPal without the fees."
easy. (forget who first said that - sorry. it wasn't me.)
just get them pumped about commerce in Bitcoin. explain the security and how fast it is. and how unstoppable and essentially unregulatable.
and how appreciation of the exchange rate is beneficial in commerce.
skip the tech, and the mining. if they want to know, they can find out.
|
|
|
|
Having foresight is a perfectly reasonable attribute that is marketable. You should feel good for yourself about being able to recognize a good opportunity. If you cashed out right now I would not begrudge you your 6-figure payout (over time due to market size)
If my foresight is of value, then listen to this: Newcomers don't like it when others profit at their expense without giving value. They are going to leap from putting new funds into the BTC block chain at the first solid safe opportunity. Your foresight only has value if you are right. So why don't you provide proof that you destroyed all the rest of your BTC and deposited them into BCP? I never will... I would be a fool to, because the difficulty (i.e. how easily I acquired my coins) would make them a poor conversion. Nobody will want to convert BTC unless they were recently mined and would yield a comparable sum of BCP. I however would throw all my mining at BCP as well as all recently mined coins. BCP of course doesn't "exist" yet until a client is released for it. do you have any idea how ridiculous you make your position out to be? on one hand, you bemoan your fate of terrible wealth in almost shakespearean high-dudgeon - the unfairness of your foresight, how valueless risk-taking is to the strength of the network and the success of Bitcoin... ...whilst on the other you do everything possible to secure your wealth and to increase it. is this some kind of monumental internet performance art lead-up to a particularly grisly suicide, broadcast on youtube? bah. done with this thread. |
|
|
|
|
Show Posts
